NOTE 4 - Lease intangibles

The following table summarizes the net value of other intangible assets and liabilities and the accumulated amortization for each class of intangible:


	Lease		Accumulated		Lease
As of September 30, 2019	Intangibles		Amortization		Intangibles, net
Lease Intangible Assets	(in thousands)
In-place leases	$	21,480	$	(13,671)	$	7,809
Above-market leases		3,211		(1,453)		1,758
	$	24,691	$	(15,124)	$	9,567
Lease Intangible Liabilities
Below-market leases	$	(3,088)	$	1,819	$	(1,269)


	Lease		Accumulated		Lease
As of December 31, 2018	Intangibles		Amortization		Intangibles, net
Lease Intangible Assets	(in thousands)
In-place leases	$	21,480	$	(12,422)	$	9,058
Above-market leases		3,211		(1,293)		1,918
	$	24,691	$	(13,715)	$	10,976
Lease Intangible Liabilities
Below-market leases	$	(3,089)	$	1,621	$	(1,468)

The estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows:


	Intangible		Intangible
Years ending December 31,	Assets		Liabilities
	(in thousands)
2019 (October 1, 2019 to December 31, 2019)	$	434	$	62
2020		1,456		213
2021		1,163		184
2022		1,028		164
2023		891		151
Thereafter		4,595		495
	$	9,567	$	1,269

The weighted average amortization period for the intangible assets, in-place leases, above-market leases, and below-market leases acquired as of September 30, 2019 was 6.7 years.